Prices of wheat remain in expectation of new price trends
today's report USDA traders do not expect any significant changes in the balance of wheat and closely monitoring the forecasts for corn, harvest reduction, which may increase the demand for feed wheat and to keep prices for food wheat. So on the eve of the publication of the report on the exchanges experienced a speculative demand increase.
the Market for French wheat on Friday turned up with the support of the Chicago and speculators.
- September futures for milling wheat on MATIF rose by 0.5 €/t to 170,5 €/t or 192,79 $/t
the Chicago stock Exchange on Friday continued to rise due to speculative technical buying, while other sites were frozen in anticipation of the new report.
the September wheat futures in the U.S. fell:
0.27 $/t to 190,97 $/t on a firm spring HRS wheat in Minneapolis.
- 0.55 $/t to 153,22 $/t for solid winter HRW wheat in Kansas city
Rose 0.37 $/t to 183,53 $/ton SRW soft winter-wheat in Chicago.
On the physical market of Ukraine and Russia, increasing the number of offers of new crop wheat, as producers hope for higher prices to boost sales.
In Ukraine, as of August 8, with 6.5 million hectares or 96% of the area harvested of 27.1 million tonnes of wheat with a yield of 4.14 t/ha.
In Russia on this date with 13.8 million hectares or 49.1% of the areas harvested 49.8 million tonnes of wheat with a yield of 3.61 t/ha compared to 3.57 tons/ha in 2018.
Russia for a week has increased export of wheat by 18% to 1.3 million tonnes, most of which are sent to Turkey and Egypt. Since the beginning of the season exported 4.4 mln tonnes of wheat, which is 12% lower than in the previous MG.